(Neb)-Sasse Opposes Pullout From Korean Free Trade Agreement

US President Donald Trump said he would discuss the future of the United States-South Korea free trade agreement (FTA) with his advisers following a newspaper report that he was considering terminating the pact.

Scrapping the deal would also have profound geopolitical implications in the region, said Mr Michael Green, an Asia expert at the Centre for Strategic and International Studies who oversaw issues on the Korean Peninsula during the administration of former president George W Bush.

Trump made his remarks to reporters while visiting hurricane-hit Houston a day after he spoke with South Korean President Moon Jae-in and struck a deal allowing Seoul access to longer-range missiles as well as a potential arms sale.

After North Korea claimed Sunday that it had successfully tested a hydrogen bomb capable of fitting onto an intercontinental ballistic missile, Mr. Trump also warned that South Korea's overall approach to Pyongyang isn't working. "USTR has long pressed the Korean government to address burdensome regulations which often exclude USA firms or artificially set prices for American intellectual property". -South Korea trade deal at this time, an official with the U.S. Trade Representative office said Saturday.

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She described it as 'the single most important step we can take to prevent a cliff-edge for people and businesses'. Davis said the story was "nonsense. completely wrong" and that the United Kingdom position was not yet settled.

Mr Trump's administration had begun talks with South Korea to revise a trade deal signed in 2012 by the Obama administration, but they failed to agree on a way forward after joint meetings in August.

South Korea is "thoroughly preparing for all possibilities and will closely monitor" the United States developments over the trade agreement, the ministry official said, according to Yonhap. South Korean trade officials couldn't be reached by phone for comment Sunday. He pulled the USA out of the Trans-Pacific Partnership agreement during his first week in office and his administration is now in talks to rewrite the 23-year-old North American Free Trade Agreement.

The United States, Canada and Mexico formally launched talks last month on renegotiating NAFTA, and are holding a second round this week in Mexico City.

Critics argue pulling out of the deal could strain relations between the countries as they both try and mitigate how to deal with the threat of North Korea's nuclear weapons program.

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According to a report by Reuters, the U.S. Chamber of Commerce memo asked its senior executives to push for an "all hands on deck effort" to convince the White House not to terminate the deal. South Korea has been accused of dumping and subsidizing steel products.

South Korea is the sixth-largest trading partner of the United States, with about $112 billion in goods traded between the two countries a year ago.

The American business lobby group stressed that pulling out of the pact will only rupture relations between the White House and USA businesses, particularly the agricultural community, citing that exports in aerospace have doubled to $8 billion thanks to the free trade pact while agricultural goods exports to Korea soared thanks to the phasing out of the double-digit tariff.

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